NYSE$PFS
Provident Financial Services Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported a solid start for 2021, leveraging the benefits of the SB One acquisition and improved economic outlook.
Provident Financial Services reported a net income of $48.6 million, or $0.63 per basic and diluted share, for the three months ended March 31, 2021. The results were aided by an improved economic outlook, lower allowance for credit loss requirements, and the acquisition of SB One Bancorp.
- Net income increased to $48.6 million, or $0.63 per share, compared to $14.9 million, or $0.23 per share, for the same period last year.
- Total assets increased to $13.13 billion, a $210.7 million increase from December 31, 2020.
- Net interest margin increased six basis points to 3.10% for the quarter ended March 31, 2021.
- The Company's Board of Directors declared a quarterly cash dividend of $0.23 per common share.
Headline financials
Revenue & EPS history
Provident Financial · Revenue · Quarterly
$112M
Revenue by segment
Provident Financial · $11.6M total across 3 segments · Q1 2021
- Fees$7.19M—62.1%
- BOLI$2.57M—22.2%
- Other Income$1.82M—15.7%
Forward guidance
The Company did not provide specific forward guidance in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.6%
Avg return
30 days after
49%
34 / 69 earnings
Positive
+10.8%
Q4 2018
Best reaction
-15.1%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | -0.3% | -2.2% | |
| Q4 2025 | +6.8% | +9.0% | +1.0% | |
| Q3 2025 | -1.1% | -1.5% | +3.3% | |
| Q2 2025 | -2.6% | -2.0% | +2.9% | |
| Q1 2025 | -2.0% | -3.0% | -2.3% | |
| Q4 2024 | -4.6% | -5.0% | -4.9% | |
| Q3 2024 | -1.5% | -2.4% | +10.4% | |
| Q2 2024 | +0.4% | -0.1% | +3.0% | |
| Q1 2024 | +6.2% | +14.0% | +18.8% | |
| Q4 2023 | +1.2% | +1.8% | -13.2% | |
| Q3 2023 | +1.6% | +1.4% | +9.7% | |
| Q2 2023 | -1.0% | -3.7% | -15.8% | |
| Q1 2023 | +1.0% | -9.7% | -5.5% | |
| Q4 2022 | +2.5% | +5.9% | +4.3% | |
| Q3 2022 | +7.0% | +4.7% | +8.1% | |
| Q2 2022 | +1.3% | -0.2% | -0.0% | |
| Q1 2022 | -1.0% | +3.3% | +4.7% | |
| Q4 2021 | +2.5% | +1.0% | +0.4% | |
| Q3 2021 | +2.2% | +3.1% | -2.4% | |
| Q2 2021 | -1.3% | -1.1% | +2.4% | |
| Q1 2021 | +1.1% | +3.0% | +5.1% | |
| Q4 2020 | -3.7% | -2.5% | +8.1% | |
| Q3 2020 | +6.0% | +1.3% | +21.3% | |
| Q2 2020 | -6.4% | -8.0% | -8.1% | |
| Q1 2020 | -15.1% | -20.1% | -19.0% | |
| Q4 2019 | -1.7% | -0.4% | -15.2% | |
| Q3 2019 | +0.8% | +0.6% | -3.2% | |
| Q2 2019 | -3.6% | -2.4% | -6.4% | |
| Q1 2019 | +0.6% | -2.1% | -9.0% | |
| Q4 2018 | +10.8% | +11.3% | +11.8% | |
| Q3 2018 | +8.5% | +6.5% | +7.9% | |
| Q2 2018 | -7.1% | -7.8% | -7.4% | |
| Q1 2018 | -1.5% | -1.0% | +5.2% | |
| Q4 2017 | -3.6% | -4.5% | -5.8% | |
| Q3 2017 | -1.3% | -2.1% | -2.1% | |
| Q2 2017 | +3.0% | +2.4% | -3.5% | |
| Q1 2017 | -2.6% | -2.6% | -9.4% | |
| Q4 2016 | -1.5% | -1.7% | -0.0% | |
| Q3 2016 | +4.9% | +1.7% | +25.7% | |
| Q2 2016 | -0.2% | +0.3% | +5.3% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | +3.7% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | +3.4% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | -0.5% | — | — | |
| Q1 2014 | -3.3% | — | — | |
| Q4 2013 | -6.7% | — | — | |
| Q3 2013 | +6.2% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q3 2012 | -3.7% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -3.4% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q3 2009 | +0.7% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q2 2010 | +0.7% | — | — |
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